Shiba Inu Faces Rejection at Key Resistance, Bears Regain Control
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Shiba Inu (SHIB) experienced a significant technical rejection at the 50-day Exponential Moving Average, causing a sharp price reversal and signaling potential further downside. The cryptocurrency failed to maintain its bullish momentum, with selling pressure increasing and the price dropping over 5% to $0.00001327.
March 29, 2025 | 4:00 am
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SHIB price action indicates weakening momentum, with potential further decline if support levels are breached. Traders should watch $0.00001300 support closely.
The article details a clear technical breakdown for SHIB, with multiple bearish indicators including failed resistance break, declining RSI, and increasing selling pressure. The potential move towards $0.00001200 range suggests short-term negative price action.
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